Asset life Expired
we have an asset whose life is expired in 2007. Yet, The asset has huge book value. What are the options I have in this regard...!!!!
Markus Bredel replied
if you always want to assure that the net book value is zero at the end of the useful life of an asset, you should set up your depreciation keys that way that they calculate depreciation based on the remaining useful life.
I guess your current setup does not depreciate from remaining useful life for this asset. In that case I would recommend the solution Paul stated already. Create a new phase at the depreciation key, valid after end of useful life. Set a changeover method in the depreciation key to changeover to this phase after end of useful life. The base method used in the phase after end of useful life should be "immediate depreciation".